• Home
  • Energy
  • Sustainability
  • Climate Change
    • Eco Editorial
  • Environment
    • Environmental Issues
      • Environmental Pollution
      • Global Warming
      • Population Explosion
      • Renewable Energy
      • Species Extinction
      • Sustainable Management of Resources
    • Animals
    • Pollution
    • Environmental Policy
  • Green Technology
    • Green Tips
  • Contact Us
  • Home
  • Energy
  • Sustainability
  • Climate Change
    • Eco Editorial
  • Environment
    • Environmental Issues
      • Environmental Pollution
      • Global Warming
      • Population Explosion
      • Renewable Energy
      • Species Extinction
      • Sustainable Management of Resources
    • Animals
    • Pollution
    • Environmental Policy
  • Green Technology
    • Green Tips
  • Contact Us
Going Green Could Fetch You A Better Price For Your Property
September 21, 2016

greener home

A recent Bloomberg report looked into the ways property investors were measuring a new threat to their portfolio – environmental risks. In other words, real estate investors are getting increasingly worried about new climate-related regulations.

Going green used to be about saving the environment. Responsible people from across the country would invest heavily in energy efficiency gadgets that sucked less energy and spewed out less toxic substances.  That cause is far from dead. As going green hits the mainstream and awareness grows, buyers are increasingly willing to pay more for greener properties.

Economics professors Matthew E. Kahn and Nils Kok studied over 1.6 million homes in California. They found that greener homes were likely to fetch 8-10% higher prices. The premium was similar for homes in Europe, which suggests that these premiums are global.

eco friendly home

Greener homes are worth more for a simple financial reason – investment returns. Laying down solar panels or installing a smart thermostat costs money, but it saves money in the long run. Governments around the world are increasingly likely to either subsidise energy conservation or regulate energy wastage. Add to this the significantly higher value of a green home on the open market and you can see why investors would be interested.

Tanya Topolewski, an expert in green retrofits who was asked to participate in the real estate studies, recommends `going green to everyone with a property. She believes the initial investment pays off rather quickly and simple upgrades can go a long way toward adding value to your home.

Changing all the light fixtures in the house to LEDs, for example, was a quick and easy way to save bills and the environment simultaneously.

Other measures, such as super insulation on all sides of the room, installing high performance windows and doors, Upgrading HVAc and water heating systems to be more efficient and monitoring electricity use were also likely to help.

Other creative ways to make a property greener include using recycled materials to make essentials such a countertop, door or flooring. Keeping drought resistant, hardy plants in the garden are a surefire way to conserve water and make the home greener.

Finally, solar panels are the most obvious installation for a green home. Federal and state tax incentives could help subsidise the installation. Buyers are willing to pay more for houses that already have a solar panel installed. 85% of Australians said they would be keen to pay more for a solar paneled home. A battery setup is even better.

Between 70-80% of Australians said they were willing to pay more for other green essentials such energy-efficient appliances, water tanks and solar water heating systems.  47% said they were willing to pay a premium for houses with other water saving fixtures.

All these statistics should encourage homeowners to invest in green tech. Science and technology have made being eco-friendly exponentially easier, but now it seems economics is supporting green developments too.

eco friendlygreen homeproperty
Share

Green Tips

Estel Masangkay
I am a freelance creative writer based in the “valley city” of Olongapo near the neighboring Subic Bay Freeport Zone in The Philippines. I enjoy outdoor trips and activities in natural settings and I am passionate about animal welfare and environmental conservation. You can connect with me via my social networks: <a href="http://www.facebook.com/EstelGraceMasangkay">Facebook</a> <a href="http://twitter.com/#!/em23me">Twitter</a> <a href="https://plus.google.com/u/0/107876341884421334423/">g+</a>

You might also like

Practical Solutions For Eco-Friendly Office Design
August 15, 2021
What are your options when you decide to go green
November 16, 2017
3 Eco-Friendly Moves that are Good for the Earth and Your Wallet
August 26, 2017

Leave a reply


Leave a Reply Cancel reply

You must be logged in to post a comment.

  • Recent Posts

    • The Environmental Impact Of Biomedical Waste And How To Reduce It
    • What Are the Most Eco-Friendly Types of Water Filters?
    • The Top 7 Eco-Friendly Kitchen Cabinet Picks For 2023
    • How To Sustain A Carbon-Neutral Lifestyle
    • Sustainable Fishing Methods to Fish More Responsibly
  • Categories

    • Animals
    • Climate Change
    • Eco Editorial
    • Energy
    • Environment
    • Environmental Policy
    • Green Food
    • Green Technology
    • Green Tips
    • Green Travel
    • Infographics
    • Other Stories
    • Pollution
    • Recycle
    • Sustainability
    • Toxics
    • Uncategorized
  • Archives

    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
    • December 2016
    • November 2016
    • October 2016
    • September 2016
    • August 2016
    • July 2016
    • June 2016
    • May 2014
    • March 2014
    • February 2014
    • January 2014
    • December 2013
    • November 2013
    • October 2013
    • September 2013
    • August 2013
    • July 2013
    • June 2013
    • May 2011



Home | About | Advertise With Us | Bike The Netherlands | Current Environmental Issues | Eco Editorial | Contact